Victoria Coins Review – The Truth Behind Victoria-Coins.Com

Have you heard of Victoria Coins? All the relevant details will be outlined here in our Victoria Coins review. We performed an investigation and found some concerning things.

Sign-up was a breeze, but that also means anyone can use it and get scammed. The user dashboard was nothing special, just a template used by many unregulated brokers. Moreover, they have a simple web trading interface, but the EUR/USD spread of 7.6 pips is uncomfortable. Also, many former clients said Victoria Coins was involved in fraudulent schemes and other unlawful activities. These allegations raise serious concerns about the broker’s integrity and legitimacy. Stay tuned to find out more! 

Also, we recommend you not to invest in the fraudulent brokers HubKoin and Finex Trader.

Is Victoria Coins a Legit Broker? Safety and Regulation

Victoria Coins is from St. Vincent and Grenadines (SVG). SVG is an offshore country that doesn’t provide FX and CFD licenses. They only provide Tier 3 regulations. Yet, Tier 3 offshore regulators have different requirements than Tier 1 regulators, by all means. Tier 1 regulators are the FCA, BaFin, and ASIC among others. These regulators are the strictest and most reputable in the industry.

Victoria Coins’ database appears empty. That is an alarming fact because regulatory benefits relate to client safety. And the lack of regulation suggests that the broker doesn’t focus on client safety and protection. The broker also received a warning for not being transparent about their ownership and location.

Dealing with Victoria Coins, EGMarkets, InsiderMark, and other questionable businesses should be regarded with caution.

Supported Trading Platforms at Victoria Coins

This shady and fraudulent broker didn’t try to please its investors at all. They only offer a Web trading platform, which is less advanced than other platforms like MT4 or MT5. This WebTrader platform only has 4 chart types, limited indicators, and no social trading or EAs. Keep that in mind.

Trading with this broker scam would be challenging due to poor trading conditions. They offer a high spread starting at 3 pips and dreadful leverage of 1:400. 

Victoria Coins – Account Types

Victoria Coins delivers 5 account types. They are as follows:

• Trial – $250
• Passive Income – $10,000
• Portfolio Management – $50,000
• Retirement – $100,000
• Heritage – $250,000

There is some confusion surrounding the minimum deposit required to open a VictoriaCoins account. While the trial account starts at $250, the main page suggests investing only $100 to open an account. Unfortunately, this mystery remains unresolved.

Furthermore, clients are not allowed to withdraw any money until they reach a rollover of 50,000 times the given ‘bonus’. However, this bonus is nowhere to be seen. It’s essential to understand the terms and conditions before investing with this broker.

Deposit and Withdrawal Options 

We couldn’t find any info on how to invest or withdraw money from Victoria Coins, except that the minimum withdrawal amount is €100. Their deposit section says users must contact the support team, which sounds shady. This is indeed outrageous! 

Their website says the minimum deposit is $250, but we’re not sure if that’s true after all.

Their withdrawal policy is something we’re not convinced we can trust, but we’ll mention it in this Victoria Coins review anyway. They say clients can invest or withdraw using credit cards, debit cards, wire transfers, or Bitcoin wallets. It usually takes 7-10 days to process withdrawals, and there’s a 1% fee for every withdrawal. If the 1% fee is less than $30, they’ll charge a fixed $30 fee instead.

Even with a fresh perspective, Victoria Coins is an unregulated company and a risk for everyone. This goes without saying! 

Deceitful Strategies Used by Fake Brokers

Investment scams are simple yet effective due to the psychological and behavioral tricks used by scammers. This is a fact! Aggressive online ads are a popular tool for scammers to solicit victims. They will ask for contact information and encourage investments using various tactics. Once trust is established, victims may invest more money that is difficult to retrieve. 

When withdrawing money, the scammer’s true nature will reveal itself. Scammers may block accounts, shut down websites, or stall requests. Victims are sometimes paid back some of their deposits and profits to create a false sense of security. So, it is extremely important to use brokers that have been regulated and invest your money wisely. 

Moxium and Victoria Coins both operate as unregistered companies and deceive their clients. Make sure you are aware of this. 

Victoria Coins Summary

So, what can we learn from this Victoria Coins review? Well, first and foremost, this is an unregulated broker that is based in St. Vincent and the Grenadines. They are accused of fraud and illegal activities by a number of former clients. Also, the broker offers a limited web trader platform, five account types with a minimum deposit of $250. In addition, there are limited deposit and withdrawal options as well. 

Another critical thing to remember is that the broker has received warnings from the FMA, CONSOB, and CNMV. Besides, it is not regulated by leading Tier 1 regulators. To summarize, investing in Victoria Coins may be extremely risky.

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